February 27, 2012


The Aussie Dollar just wont lie down and while I dont necessarily agree with the view it is worth considering if as Ric says the Channel breaks.

Personally for my trading style I would only buy on a break of the recent high at 1.0855/60.

Have a great day


Please remember these are not recommendations for you to trade these are my views and I have my risk management tools and risk parameters that you do not have access to. Thus, this blog is for information only and does not constitute advice. Neither Greg McKenna nor Lighthouse Securities has taken your personal circumstances, objectives or financial situation into account. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation

CMC Markets Blog

The Aussie rejects a trend line support on Friday and in doing so has confirmed a downward sloping trend channel formation.

Given the overall structure of this chart at the moment this looks like something that could lead to a buy set up.

View original post 217 more words


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